"squawk on the street" begins right now. >>> president obama has already met with labor leaders, progressives and a dozen ceos but this morning he holds a meeting with congressional leaders on avoiding a fiscal cliff. wall street wants to know if they can strike a deal. welcome to "squawk on the street" i'm ellitel melissa lee. carl quintanilla is at the white house this morning. good morning. >> good morning. as you mention, melissa, an amazing week of meeting at the white house. none of them really matter when you put them up against the meeting that's about to happen in this building in an hour from now. speaker boehner, senator mcconnell, senator reid, democratic leader pelosi, all will come here and speak for a couple hours. day one of negotiations. nobody is expecting huge news but as jim has already tweeted out this morning, the market is going to look for signs that this tone of compromise that we've heard so much about all week long is that for real or are talks going to break down in early stages? the market specifically is going to depend on that tone today and we'll bring that liv